Country Risk Report - Bahrain
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Bahrain Country Risk Report
Stay ahead of financial crime threats in Bahrain with Themis’ updated 2024 Country Risk Report.
Key Highlights
Bribery & Corruption Risk:
Bahrain ranks 76/180 on Transparency International’s 2023 Corruption Perceptions Index. Learn how corruption may impact business dealings and government contracts in the country.
Money Laundering & Fraud:
With a Basel AML Index score of 4.82, Bahrain is considered a high/medium-risk jurisdiction for money laundering. Protect your organisation by understanding the underlying risks.
Terrorist Financing:
Bahrain’s proximity to volatile regions presents a medium risk for terrorist financing. This report outlines the key regulatory measures and how businesses can ensure compliance.
Cybercrime Threats:
Bahrain faces increasing threats from phishing and ransomware attacks. Discover strategies for protecting your organisation from cybercrime.
What's Inside the Report?
The Bahrain Country Risk Report offers a comprehensive analysis of financial crime threats specific to Bahrain. The report delivers critical insights to help businesses stay ahead of evolving risks. With in-depth coverage of key topics, this report is essential for any organisation operating in or partnering with entities in Bahrain.
- Executive Summary
- Background Information
- Institutional & Legal Framework
- Regulatory Overview
- Spotlight on Underlying Crimes
- Bribery & Corruption
- Money Laundering
- Fraud
- Terrorist Financing
- Cybercrime
- Modern Slavery & Human Trafficking
- Drug & Weapons Trafficking
- Environmental Crime
- Tax Crime & Financial Secrecy
- Appendix
Case Study
This is just one example of the many real-world case studies featured in our Bahrain Country Risk Report. Each case study provides an in-depth look at financial crime incidents, offering valuable insights to help organisations identify and mitigate similar risks.
Bank Loan Laundering Scheme
Bahraini authorities brought charges against two Bahraini nationals, as well as seven other individuals and 15 companies, for laundering BD75 million. In the case, the defendants obtained a BD500 million loan from a bank in another Gulf country using misleading documentation. The defendants then evaded installment payments while laundering the money to other countries.
The group laundered US$75 million to Bahrain under the guise of investment, through the acquisition of real estate and land, and through the formation of multiple front companies. The defendants faced trial in 2022.
The report reflects our extensive global expertise and local knowledge. Themis is uniquely positioned to provide expert insights into local regulations, cultural nuances, and specific risks that affect businesses in the area.
What sets us apart? Themis combines decades of experience in financial crime research with cutting-edge technology, including AI-powered tools that analyse complex datasets to provide real-time insights. This enables our clients to mitigate risks faster and more effectively than competitors. Also, we have a local presence in Bahrain and an unparalleled understanding of financial crime dynamics on the ground.
Download Your Bahrain CRR Today!
Equip your organisation with the knowledge and tools to manage financial crime risks in Bahrain.
Get in Touch
If you would like to talk to us about any of the themes or updates covered in this report, please let us know.
UK: +44 (0) 20 8064 1724 | UAE: +971 (0) 58 590 5918 | [email protected]
